# e U.S . Deportmen t o f 120 0 Ne wjerse yAvenue , S E Transportatio n . . Washington , D C 2059 0 Of f ic e O f th e Secretar y o f Transportatio n Marc h29 , 201 0 Mr . Joe l T . Johnson , Jr . Gul f Coas t Airways , Inc . 52 6 Termina l Driv e Naple s Municipa l Airpor t Naples , F L 3410 4 RE : Docke t

DOT-OST-2009-024 9 Applicatio n o f

Gul f Coast Airways , Inc . fo r Authorit y t o Conduc t

Commute r

Operation s Dea r Mr . Johnson : Than k yo u fo r th e informatio n yo u submitte dt o th e Departmen t o n February 18 , 2010 . W e hav e complete dou r

revie w o f

thi s additiona l informatio n alon g wit hth e informatio n yo u file do n Octobe r

5 , 2009 , an dJanuar y 6 , 2010 , o n behal f o f Gul f Coas t Airways , Inc . ("GCA") , fo r

th e determinatio n o f

it s fitnes s t o conduc t

commute r

operations . W e hav e determine dtha t

w e wil l nee dattache dInformatio n Reques t list s th e area s wher e further informatio n and/o r

clarificatio n i s necessary . I as k tha t yo u respon dfull y t o thi s reques t withi n 3 0 day s o f

th e dat e o f

thi s letter . Th e origina l plu s 3 copies o f you r respons e shoul db e maile dt o U.S . Departmen t o f Transportation , Docke t

Operation s (M-30 , Roo mW12-140) , 120 0 Ne w Jerse y Avenue , S.E. , Washington , D C 20590 , o r yo u ma y electronicall y fil e your respons e a

t www.regulations.gov . A s i s th e Department' s practice , further processin g o f

you r applicatio n wil l b e deferre d pendin g receip t

o f thi s material . I n addition , pleas e remembe r tha t GC A shoul dpromptl y provid e th e Departmen t

withan y informatio n regardin g change s i t may underg o i n area s affectin g it s fitnes s (i.e. , meinagement , operatin g plan s o r financia l condition , complianc e disposition , o r

ownership ) whil e it s applicatio n i s unde r revie w b y th e Department .Than k yo u fo r you r cooperatio n i n thi s matter . If yo u hav e an y question s regardin g thi s letter o r th e requeste dinformation , pleas e contac t m e at (202 ) 366-999 8 o r

vi aemai l a

t Catherine.O ' Tool e @ dot.gov . Sincerely , Catherin e J . O'Tool e Analyst , Ai r

Carrie r Fitnes s Divisio n Offic e o f Aviatio n Analysi s cc : Docke t

DOT-OST-2009-024 9 Mr . Feli x Molina , FA A Principa l Operation s Inspecto r for Gul f Coas t Airways , Inc .GUL FCOAS T AIRWAYS , INC . REQUES T FO RINFORMATIO N 1 . Pleas e provid e an update dresum e for Chie f Pilo t Mr . Joh n E . Fulle r

that indicate s hi s employmen t

histor y pas t

2005 . Pleas e als o provid e aresum e for Mr . Joe l Johnso n tha t

include s hi s positio n a s Directo r of Operation s for

GCA . In th e even t GCA ha s hire dane w Directo r o f Operations , pleas e provid e that person' s resume . 2 . GCA' s applicatio n an dsubsequen t amendment s t o it s applicatio n discusse s th e additio n o f

asecondaircraf

t t o GCA' s fleet . Histori c financia l statement s provide do n Februar y 18 , 2010 , indicat e fixe dasset s o f $90,00 0 for

"Azte c Piper#2 " for

2007-2009 . Pleas e provid e clarificatio n o f thi s dat ab y providin g itemize dcost s associate dwitheac haircraft , b y registratio n number , that GCA i s operating , o r

plan s t o operate , i n newl y submitte dfinancia l statement s fo r 2007

- 2009 , an danewl y provide dprofi t an dlos s forecas t

(se e questio n 4) . 3 . Additionally , GCA' s balanc e shee t provide do n Februar y 18 , 2010 , include s alin e ite mentitle d"Goodwill" , i n th e amoun t of $1,514.0 0 whic hi s define di n note s t o th e financia l statement s a s "Intangibles-Mis c Start u p Costs" . Pleas e clarif y thi s cost . Pleas e se e questio n 4 fo r furthe r instructio n o n apre-operatin g expens e forecast . 4 . In it s application , GCA ha s provide dExhibi t 4A , entitle d"Pre-operatin g Expens e Forecast , Profi t

an dLos s Projection s Januar y 201 0 throug hDecembe r 2010" . Pleas e provid e tw o separat e document s relate dt o GCA' s inten t t o provid e schedule dservice : (1 ) aforecas t profi t an dlos s statemen t

broke n dow n b y month o r quarte r fo r th e firs t twelv e full month s o f

actua l flight

operation s includin g an y phase-i n o f

aircraf t o r additiona l flights , an d(2 ) adetaile dpre-operatin g expens e forecas t fo r th e propose dschedule doperation . Thi s pre-operatin g forecas t shoul d includ e an y aircraf

t leas e deposit s an drents , lega l expenses , training , an d expense s relate dt o FA A certification . Additionally , suc hforecas t shoul d distinguis hbetwee n pre-operatin g expense s tha t hav e bee n paid , an dthos e whic h remai n t o b e paid , if

any . 5 . A lette r

date dFebruar y 17 , 2010 , fro mCaldwell , Bombar d& Soldavin i accoimtin g fir

mstate s tha t

GCA i s mainl y funde dfro mth e persona l fund s of Mr . Joe l T . Johnson . Pleas e provid e astatemen t fro mMr . Johnso n of

th e amoun t

o f suc havailabl e resource s an dth e term s o r condition s unde r

whic hsuc hfund s wil l b e provided . Copie s of

th e curren t

(i.e. , withi n thre e months ) persona l financia l statement s o f

th e individua l shoul dals o b e provided . Suc hdocumentatio n shoul d clearl y establis hth e capabilit y o f th e individual(s ) t o fulfil l an y financia l commitmen t

mad e t o o r

o n behal f

o f th e applicant . In thi s connection , th e liquidity o f

an y asset s othe r

tha n cas hcontaine di n thes e document s shoul db e mad e clear

throug happropriat e footnotes , (e.g. , th e curren t valu e of stock s an dbond s that can b e readil y converte dt o cas hshoul db e noted) . A lette r fro mth e applicant' s ban k

confirmin g th e amoun t

o n deposi t

an dbank

loan s an dlines-of

credi t i f any , shoul db e provide dan dshoul db e date do n th e sam e day i n orde r for th e Departmen t

t o verif y th e amount s bein g pledged . Additionally , wheneve r possible , third-part y verificatio n of an y asset s an dvalue s shoul db e provide d(e.g. , letter s fro mbank s o r

stockbroker s holdin g liqui dassets , o r recen t appraisal s o f rea l assets) . Th e informatio n provide dpursuan t t o thi s Informatio n Reques t shoul db e accompanie d b y th e followin g certification : Th e content s o f

thi s applicatio n an dth e attache dexhibi t (s ) ar e tru e an dcorrec t

t o th e bes t o f my knowledg e an dbelief. Pursuan t t o Titl e 1 8 Unite dState s Cod e Sectio n 1001 , I [th e individua l signin g th e application , wh o shal l b e aprincipa l owner , senio r

officer , o r

interna l counse l o f

th e applicant] , i n my individua l capacit y an da s th e authorize drepresentativ e of th e applicant , hav e no t i n an y manne r knowingl y an dwillfull y falsified , conceale do r faile dt o disclos e an y materia l fac t

o r mad e an y false , fictitious , o r fraudulen t

statemen t

o r knowingl y use dan y document s whic hcontai n suc hstatement s i n connectio n withth e preparation , filin g o r

prosecutio n o f

th e application . 1 understan dtha t a n individua l wh o i s foun dt o hav e violate dth e provision s o f 1 8 U.S. C sectio n 100 1 shal l b e fine do r

imprisone dnot

mor e tha n fiv e years , o r

both .